Download - UMB's Gallagher discusses the evolution of tender-offer funds

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The NAVigator

Business:Investing

UMB's Gallagher discusses the evolution of tender-offer funds

2020-10-02

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Terry Gallagher, executive vice president at UMB Fund Services, sees an industry-wide trend towards the development of new interval and tender-offer funds. Gallagher -- whose firm helps investment companies launch new issues -- covers the reasons why the structures are growing in popularity, the tax implications that issuers consider when setting up a fund and more.